DSE index
Bazlur Rahman, Executive, Dhaka Stock Exchange
The Dhaka Stock Exchange index reached 2003.58484 at the trading hours on Thursday indicating strong performance in the country's prime bourse. On the day there was trade of Tk 170.18 crore, prices of 123 items advanced, 46 declined and prices of 23 remain unchanged. After the share market bubble in 1996, this is the first time the index has reached 2003.58484. On May 27 this year the DSE set another record of transaction as on that day there was a transaction of Tk 179 crore which was the highest in the history of DSE. The recent road shows in divisional and district headquarters by the DSE authorities and the prudent fiscal and monetary policy of the government are mainly responsible for the strong performance of the DSE. Though a section of speculators are commenting that black money holders are coming to invest in the market fearing ACC action, it is true that if the government takes necessary steps to provide adequate securities, then there is no worry even after the next general election.Due to entrepreneurs' dependence on bank loans and higher interest on deposit in financial institutions people did not come to the stock market. Previously, the concept of stock market and its function was limited to a few people and others thought that stock market was the place for manipulation. In terms of market capitalization and trade Bangladesh is lagging far behind the neighbouring countries. Brushing aside the rumour that the share market can collapse, I would like to say that restoration of investors' confidence in the capital market and the current awareness programme will help boost both market capitalization and DSE index.
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